
**** Returns to Scale from Labor Specialization: Evidence from Asset Management Mergers (Luo, Manconi and Schumacher) *************
*Purpose: Generate Figure 1


**-------------------Figure 1 -------------------**
clear all
use "$datapath\statistics_dealinfo.dta"

twoway (bar noofdeals Year, color(blue) barwidth(0.6) yaxis(1)) ///
 (line Dealvolume Year, yaxis(2)), ///
 ttitle(Year) xla(2001(1)2013) xtick(2001(1)2013)  ///
 legend(label(1 "Number of deals (left)") position(6)  ) ///
 legend(label(2 "Total AUM ($ billion, right)") position(6)  ) graphregion(color(white)) bgcolor(white) ///
 yl(,format(%3.0f))  xlab(, nogrid)
  
graph export "$outputpath/Figure1.jpg", as(jpg) replace

  
  
